Equality court orders FIC to hand over reports on KPMG and Steinhoff
The judgment is likely to ruffle feathers and raise privacy concerns
13 February 2024 - 20:32
The equality court has ordered that the Financial Intelligence Centre (FIC) hand over reports it has on “suspicious and unusual transactions” by Steinhoff, EOH, KPMG and Tongaat Hulett to a group of black business people, who claim banks discriminate on race when determining which business accounts they close over reputational risk concerns.
The judgment, which is likely to ruffle feathers and raise privacy concerns as the FIC is supposed to protect confidential information from unauthorised disclosures, was handed down on Tuesday...
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